Wednesday, November 23, 2016

The Air India Limited has improved its performance in the FY 2014-15 as compared to the previous year. There have also been improvements in passenger revenue and cargo revenue earnings as compared to the previous year. In view of the losses suffered by Air India up to 2010-11 and its mounting debt burden, Government had approved a Turnaround Plan (TAP) / Financial Restructuring Plan (FRP) for operational and financial turnaround of Air India. The TAP/FRP provides equity infusion of Rs.30231 crores upto 2021 subject to achievement of certain milestones as laid down in the TAP/FRP.
22/11/16 Business Standard